RED Funnel's chief executive has been appointed chairman of the group.

Kevin George will fulfil both roles until a new chief executive is taken on later this year.

Mr George said: "I have been chief executive of Red Funnel for four years now, during which time we have achieved a huge amount, not least the securing of new long-term investors, new Red Jets built on the Isle of Wight, the refurbishment of the vehicle ferries, enhanced customer service and cleared the way for the urgently needed larger terminal in East Cowes.

"However, the time is right for me to now assume a more strategic role in helping guide not only the growth of Red Funnel but to also help promote the economic growth of the Island."

The Red Funnel group was bought by a consortium of UK and Canadian pension funds in July last year.